KU Financial Report
Notes to the Financial Statements
Continued...
24. Information & Declarations to be Furnished Under the Charitable
Fundraising Act 1991
Under this Act, KU Children’s Services holds a single authority to fundraise for KU centres. The authority does not
extend to services which KU manages on behalf of another organisation. Preparation of the following information
reflects the level of disclosure existing in management systems in use by the organisation.
(a) Statement of Fundraising Income and Expenditure
Detailed income statement for the year ended 31 December 2009
2009
$
Raffles
2008
$
46,711 74,047
239,683 293,114
Building fund 88 23,813
Sale of Items 370,427 353,829
8,699 11,585
665,608 756,388
(1,050) (1,681)
Functions (112,311) (118,130)
Sale of Items (236,754) (230,009)
Total Cost of Fundraising (350,115) (349,820)
315,493 406,568
Functions
Interest
Gross Proceeds from Fundraising
Raffles
Net Proceeds from Fundraising
(b) Accounting Principles and Methods adopted in Fundraising accounts
The fundraising financial statements have been prepared on an accrual basis and in accordance with Australian
Accounting Standards as per Note 2.
(c) Application of Fundraising Proceeds in 2009
Opening balance
Net proceeds from fundraising
Centre Improvement and Equipment
Bank charges
Total Reserve
38
KU Children’s Services
2009
$ 2008
$
1,211,763 1,085,035
315,494 406,568
(281,761) (277,176)
(2,044) (2,664)
1,243,452 1,211,763